Market Overview
Home Prices in Cherry Hills Village, CO
The median home value in Cherry Hills Village, CO is $3,272,923 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.9% compared to a year ago and up 2.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cherry Hills Village are priced698% above average. Cherry Hills Village is part of the Denver-Aurora-Lakewood, CO metro area.
Over the past five years, Cherry Hills Village home values have risen by approximately41.8%, reflecting strong long-term appreciation in this market.
Price History
Cherry Hills Village Home Price Trend
City Comparison
Cherry Hills Village vs. National Median
At $3,272,923, homes in Cherry Hills Village cost 698% above the national median of $410,000. Buyers in Cherry Hills Village should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Cherry Hills Village?
20% Down Payment
$654,585
on $3,272,923
Monthly P&I
$17,070/mo
30-yr @ 6.8%
Total Monthly Est.
~$21,679/mo
incl. taxes & insurance
Income Needed
$867,160
gross annual (30% rule)
10% Down Option
$327,292
+ PMI applies
Loan Amount (20% dn)
$2,618,338
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cherry Hills Village, CO?
The median home value in Cherry Hills Village is $3,272,923 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.9% year-over-year.
How much have home prices changed in Cherry Hills Village?
Over the past year, home values in Cherry Hills Village have increased by 5.9%. Over five years, prices have risen approximately 41.8%.
How much do I need to earn to buy a home in Cherry Hills Village?
To comfortably afford the median home price of $3,272,923 with a 20% down payment ($654,585) at today's rates (6.8%), you'd need a gross annual income of approximately $867,160. This assumes keeping total housing costs at or below 30% of gross income.
How does Cherry Hills Village compare to the national average home price?
The national median home value is approximately $410,000. At $3,272,923, homes in Cherry Hills Village are 698% above the national average.
What metro area is Cherry Hills Village part of?
Cherry Hills Village is part of the Denver-Aurora-Lakewood, CO metropolitan area. Home prices and market conditions can vary across the broader metro region.